AUD USD Chart - AUD/USD Rate

AUD/USD: Risks remain tilted to the downside, markets remain slightly long of Aussie hinting at a further downside as speculators flip net short. As such, as we move closer to the RBA decision, increased pricing in of further stimulus is likely to curb notable upside in the currency. On the downside, key support is situated at the psychological 0.70 handle where a break below puts 0.6950-60 in sight. Resistance resides at 0.7090-0.7100 with 0.7040-50 ahead.